UK Business Consultation kickstarts ahead of UK-India FTA negotiations ANI | Updated: May 25, 2021 14:09 IST
New Delhi [India], May 25 (ANI/NewsVoir): The UK India Business Council welcomes the launch of the UK Government s 14-week business consultation in preparation for UK-India FTA negotiations.
The consultation, launched by UK Secretary of State for International Trade, Liz Truss, will capture the views of businesses in the UK ahead of FTA negotiations which could start as early at autumn 2021.
The UKIBC has long advocated a UK-India FTA. We believe it is both the right ambition and is eminently achievable. Our countries traded GBP 24 billion worth of goods and services in 2019 and, critically, have since cooperated on numerous occasions during the COVID-19 crisis to support each other in times of need.
May 06, 2021
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Lauds the determination by both the Prime Ministers to move forward with a free trade agreement
Prime Minister Narendra Modi and United Kingdom Prime Minister Boris Johnson announced an ambitious Roadmap 2030 in order to deepen ties between India and the UK across different areas.
BusinessLine spoke with Richard Heald, OBE, Group Chair, UK India Business Council to understand how the various initiatives will help businesses in the two countries. Excerpts
Overall, did you think the announcement met your expectations or were you looking for something more?
I see it as a critical stepping stone, as a statement of intent. There is a determination by both the Prime Ministers to move forward with a free trade agreement. From my point of view, the absolute definitive announcements are maybe not as impressive as one might wish. But actually, if you look through that at the ten-year roadmap.the wheels are going to start to turn. I think there is real hope that we can m
Read more about The UKIBC welcomes Prime Ministers Johnson and Modi s commitment to an Enhanced Trade Partnership as a roadmap to a future Free Trade Agreement on Business Standard. New Delhi [India], May 5 (ANI/NewsVoir): The UK India Business Council warmly welcomes the commitment of Prime Minister Boris Johnson MP and Prime Minister Narendra Modi to deepening collaboration between our two countries.
UKIBC welcomes Prime Ministers Johnson, Modi s commitment
ANI
05 May 2021, 14:37 GMT+10
New Delhi [India], May 5 (ANI/NewsVoir): The UK India Business Council warmly welcomes the commitment of Prime Minister Boris Johnson MP and Prime Minister Narendra Modi to deepening collaboration between our two countries.
As well as overcoming the immediate challenge of the pandemic, the collaboration extends to building a long-term partnership that creates jobs and prosperity, tackles medium- and long-term healthcare challenges, addresses climate change, and enhances the national security of both countries.
In particular, we welcome the UK-India Enhanced Trade Partnership (ETP) and the intention to negotiate a Free Trade Agreement (FTA). The Prime Ministers also announced GBP 1 billion of new UK-India trade and investment. This is a great start, but only the beginning.